1. Title And Definition:

The Confederation Of Real Estate Developers’ Associations Of India (CREDAI) Is The Apex Body For Private Real Estate Developers Associations In India.CREDAI Represents Over 10,000 Developers Through Member Associations Spread Across 204 States Of The Country.CREDAI Warangal Is The Chapter At Warangal And Is Registered Below The Telangana – Telangna Literary Scientific And Charitable Societies Registration Act 1955.

2. Function:

CREDAI Is Essentially Meant To Promote The Interest Of Builders And Keeping That In View, Regular Promotional Activities Like Property Shows Are Conducted, To Help In Brand Building Of The Members.CREDAI Additionally Conducts Seminars And Coaching Programmes For The Good Thing About Its Members.

3. Membership:

Membership In The Association Is Open To All Persons Engaged In The Profession / Business As Builders. The Admission Is Subject To The Criteria Stipulated By The Membership Committee Of The Association From Time To Time. The Applicant Seeking Membership Will Have To Apply In The Prescribed Form Along With The Required Details Called For.

4. Admission Of Members:

The Membership Committee Will Consider The Application/S. The Application/S Meeting The Stipulated Criteria Will Be Forwarded To The Executive Committee For Approval. The Authority Is Vested With The Executive Committee To Give Membership To Any Applicant. The Applicant Will Be Appointed As Provisional Member For The Initial Period Of One Year.

The Probationary Member Are Granted Permanent Membership When One Year Subject To Review By The Chief Committee.

Every Member, Whether Permanent/ Provisional, Will Have Equal Privileges But For Voting Rights Which Are Reserved Only For Permanent Members.

5. Criteria For Selection:

Credibility And Reputation Of The Applicant.
The Applicant Should Have Completed
Proven Professional & Business Ethics
5000 Sq.Metres For Applicants From Within The State.
Financial Status
30,000 Sq. Meters For Applicants From Outside The State.

6. Other Documents To Be Submitted:

Profile Of The Firm & Directors With Details Of Other Business.
Brochure /Leaflets On Completed And Ongoing Projects.
Copy Of The Occupation Certificate Of Completed Projects
List Of 25 Customers Of The Applicant.
Report Of Ongoing Projects.
Previous Year’s Balance Sheet Along With Financial Statement From Bankers Or Chartered Accountant.
Reference From Bankers & Chartered Accountant.
Report On The Organizational Set Up Of The Applicant.
Details Of Membership In The Other Associations / CREDAI Chapters.

7. Statutory Payments:

Members Have To Make The Following Statutory Payments As Applicable At The Time Of Admission:-

Entrance Fee – Rs. 50,000/-*
Annual Membership Fee – Rs. 10,000/-*

*Taxes Extra As Applicable

The Entrance Fee And The Annual Membership Fee For The Year Is Payable At The Time Of Admission As A Member.

The Membership Fee For Continued Twelvemonths Shall Become Due On The Primary Day Of The Same Monetary Year And Shall Be Paid Not Later Than The Judgement Day

Of June Every Year.

The Above Mentioned Fees And Charges Paid To The Association Are Not Refundable. In Addition, A Building Fund @ Rs.

1.00 Per Sq.Ft On The Marketable Space Of The Project Is To Be Paid By The Members For The Continuing Comes And For Comes To Be Launched In Future.

Members Area Unit Needed To Furnish The Small Print Of The Comes To The Association Directly On The Commencement Of Comes.

All Payments Shall Be In Favour Of CREDAI Warangal Collectable At Hanamkonda.

8. Cessation Of Membership:

A Member May Resign From His Membership By Giving 30 Days Notice In Writing To The Honorary Secretary To That Effect, And Upon Expiry Of The Notice Period Such Member Shall Cease To Be Member Of The Association.

The Resignation Shall Be Accepted By The Chief Committee Solely When Settlement Of Any Dues To The Association.

Membership Is Deemed To Be Terminated If The Dues From A Member Fall Behindhand For Quite Six Months.

Membership Shall Also Be Terminated On The Grounds Specified In The Bye-Laws Of The Association.

Any Member, Directly On Resignation/Cessation Or Termination Of Membership, Shall Refrain From Using The Word ‘Member CREDAI’ And The ‘Logo Of CREDAI WARANGL’ As A Prefix /Suffix In Their Stationeries

Promotional Materials / Or Publicity Each In Press & Electronic Media With Impact From The Date Of Resignation/Termination Of Membership.